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Home | Business and Financial
 
Business and Financial
Business and Financial

Dealing with the business side of your studio can be overwhelming. Your passion lies in dance, but there's no escaping the finances, insurance issues, etc. that must be dealt with. The articles in this department will alleviate some of that stress and teach you how to hold your own in the business world-- from taking in more profit to attracting more students!

How to Inspire Loyal Faculty at Your Dance Studio: Implement the Pay Grade FormulaHow to Inspire Loyal Faculty at Your Dance Studio: Implement the Pay Grade Formula
Studio owners often make a critical error in determining how to pay their faculty -- they pick an hourly rate and think that it is all a teacher needs to stay happy. Paying a teacher at a regular, standard, hourly rate never works in the long term. . . . keep reading

3 Simple Ways to Boost Your Dance Studio's Summer Income3 Simple Ways to Boost Your Dance Studio's Summer Income
By: Kathy Blake
Whether you're just learning how to start a dance studio or you've been in business for years,one of the biggest obstacles for a studio owner is finding ways to bring in summer income. This is always a challenge, as students are more interested in playing outside, teenagers have jobs and parents are planning vacations. Motivating students to keep dancing all summer long may seem like a daunting task, but it is very possible. . . . keep reading


The Price is Right
Jen Jones
The Price is Right Is there a science to setting class fees? To help you decide the right balance for your studio, DT approached several studio owners from around the country to discover there is a method to the madness: rates, payment schedules, methods of payment and more! . . . keep reading
How to Get Organized and More Productive Running Your Dance Studio Business
How to Get Organized and More Productive Running Your Dance Studio Business It's easy to get so busy with the day-to-day tasks of running a dance studio. Often this leads to overwhelm and frustration. In this teleseminar learn how to keep your website up to date, simply and easily. You'll hear how to utilize a planning calendar to keep you on track with important dates and deadlines, plus find out some free productivity tools that can save you time and money. . . . keep reading
How to Create Your Dance Studio Vision and Purpose
How to Create Your Dance Studio Vision and Purpose What is it about your dance studio that keeps people coming back? Creating a phenomenal dance product is key and yet many dance studio owners make a big mistake when it comes to where they spend their time and energy. Learn how to get clear on your studio vision, what you want to be known for, what people can count on and more. A bonus printable transcript is included as well. Kathy is inspiring and motivating and will help you get your year off to a great start. . . . keep reading
Student Registration Form Template
Student Registration Form Template This is a registration form template that you can customize for your dance studio. Modify and add to it as you prefer, it is a helpful tool and can save you time. Plus it includes some tips on how to word waivers and request signatures for policies and procedures at your dance studio. . . . keep reading
Audio: How to Set and Achieve Goals to Grow Your Business as a Dance Studio Owner
It is a crucial practice as a business owner and dance studio owner to set goals. Most people do not have training in this area. Listen in as a well known author and goal setting expert shares his tips on how to take your business to the next level . . . keep reading
The Tough Times Two-Step: Dance Studio Survival Strategies in the Economic Downturn
The Tough Times Two-Step: Dance Studio Survival Strategies in the Economic Downturn Prices are up, the economy is down and dance studio owners everywhere are worried about the future of their businesses. The fact of the matter is that dance lessons are a service, not a necessity, and when it comes to . . . keep reading
Dance Studio Ownership: Renegotiating Your Current Studio Lease
Mago Lauritzen
Dance Studio Ownership: Renegotiating Your Current Studio Lease Let's suppose you like the current location of your studio. You are coming to the end of your lease and you don't want to move. Commercial leases usually place a cap on the amount that your monthly payment can be raised each year. But, once that lease runs out there is a good chance you'll see a significant increase in that monthly payment. . . . keep reading
Dance Studio Ownership: Negotiating Commercial Leases
Mago Lauritzen
Dance Studio Ownership: Negotiating Commercial Leases Let's face it. There is a really good chance that when you get ready to sit down and negotiate your commercial lease that the person sitting across the table from you has done it more times than you have. This starts you off at a disadvantage. Read this article to learn what you can do to level the playing field. . . . keep reading
How to Manage Your Cash Flow at Your Dance Studio Using Simple Systems: An Interview with a QuickBooks Certified Pro Advisor
How to Manage Your Cash Flow at Your Dance Studio Using Simple Systems: An Interview with a QuickBooks Certified Pro Advisor Having a system and structure in place to track your income, expenses, payroll, and more is critical in determining your success not only as a dance studio owner. Often times this task can seem overwhelming. In this interview you'll hear exactly what you could use to set yourself up for success when it comes to a bookkeeping system. . . . keep reading
AUDIO: Automating Your Dance Studio's Tuition Billing an Interview with Mago Lauritzen of Compete Services
If you've ever had questions about how and why you would want to consider automating your dance studio's tuition billing, this interview will help answer all of those questions. . . . keep reading
Audio: Staying 'up' in a down economy
Audio: Staying 'up' in a down economy Kathy Blake shares ways on how to have your enrollment up during a down economy, how to keep your spirits up and stay focused on the big picture and how to turn out a great product and service for students and families at your dance studio during tough economic times. . . . keep reading
5 Dance Studio Business Do's and Don'ts:
By: Debbie Moulton
1. Charge what you're worth. First you need to do your research to see what your competition's tuition rates are. Based on that knowledge, charge what your products and/or services are wort . . . keep reading
To Scholarship or Not to Scholarship: Is Giving a Merit or Need Based Scholarship a Good Idea?
By: Kathy Blake
To follow in the model of traditional education, all scholarships are granted on either need or merit or both. Let's look at the pitfalls and solutions... . . . keep reading
Are You and Your Dance Studio Properly Insured?
By: Kathy Blake
Q: What kinds of insurance do I need? We live in a society where people are quick to sue and take advantage so be sure that you... . . . keep reading
Top 10 Secrets to Improve the Cash Flow at Your Dance Studio
By: Debbie Moulton
Managing your cash flow is absolutely crucial to your dance studio's well-being. Without cash coming in the door, you cannot pay your bills or your employees, and you will quickly go out of business. Here are 10 secrets to ensure that your cash flow is well-managed. . . . keep reading
3 Simple Ways to Handle the Pre-Registration Fears that both New and Experienced Dance Studio Owners Face Each Year
3 Simple Ways to Handle the Pre-Registration Fears that both New and Experienced Dance Studio Owners Face Each Year "I wonder if my students will return in the fall?", "I'm afraid I won't have enough students to meet my expenses!", "Will the economy have an effect on my enrollment?" Do you go to bed at night worried about these things? If so, you are definitely not alone. So how do you deal with the stress, anxiety, and concerns that both new and experienced dance studio owners face? . . . keep reading
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